Deals Counterparts

Porthos CO2 transportation and storage infrastructure development

Development Other announced Rotterdam, Netherlands Feb 25, 2026
37 megatons
Capacity
construction
Stage
Porthos
Project

Porthos is a joint venture between EBN, Gasunie and the Port of Rotterdam Authority to build an infrastructure for the transportation and storage of CO2. The project company is building an infrastructure for the transportation and storage of CO2.

Deal Analysis

The Porthos CO2 transportation and storage infrastructure development represents a significant undertaking in the Netherlands aimed at reducing carbon emissions. This joint venture between EBN, Gasunie, and the Port of Rotterdam Authority will establish infrastructure capable of transporting and storing 37 megatons of CO2. While the project value remains undisclosed, the involvement of key players like Gasunie, a major European gas infrastructure company, and EBN, a Norwegian state-owned entity with expertise in petroleum activities, suggests a project of considerable scale and strategic importance. The project's announcement date of February 2026 indicates a long-term commitment to carbon capture and storage (CCS) technologies. The development of Porthos aligns with broader European efforts to decarbonize industrial processes and achieve climate neutrality. By providing a centralized hub for CO2 storage, the project could attract significant investment from industries seeking to reduce their carbon footprint. The Port of Rotterdam's involvement further underscores the project's importance in facilitating the transition to a lower-carbon economy. The success of Porthos could serve as a model for similar CCS infrastructure projects in other industrial regions.
  • Joint venture between EBN, Gasunie, and the Port of Rotterdam Authority.
  • Aims to develop infrastructure for transporting and storing 37 megatons of CO2.
  • Involves key players in the European energy sector.
  • Located in the Netherlands, a strategic location for industrial decarbonization.
Market Context: The carbon capture and storage (CCS) market is gaining momentum as governments and industries seek to reduce greenhouse gas emissions. Europe is at the forefront of CCS development, with several projects underway to capture CO2 from industrial sources and store it safely underground or utilize it in other processes.

Source Intelligence

KEY DETAILS

Up to 2.5 megatons per year are to be stored over a period of 15 years, with construction starting in the first quarter of 2024. Quote: Up to 2.5 megatons per year are to be stored over a period of 15 years, with construction starting in the first quarter of 2024

Capacity
The Porthos project managers estimate the total volume at 37 megatons.
Location
The captured CO2 is first transported via an underground collection pipeline system to existing pipeline sections in the Maasvlakte, Europoort and Botlek industrial areas.
COD
with commissioning planned for 2026.
PARTIES MENTIONED IN SOURCE
E
EBN joint venture

"Porthos is a joint venture between EBN, Gasunie and the Port of Rotterdam Authority."

G
Gasunie joint venture

"Porthos is a joint venture between EBN, Gasunie and the Port of Rotterdam Authority."

P
Port of Rotterdam Authority joint venture

"Porthos is a joint venture between EBN, Gasunie and the Port of Rotterdam Authority."

A
Air Liquide industrial customers

"Industrial customers such as Air Liquide, Air Products, ExxonMobil and Shell capture the CO2 and feed it into the system."

A
Air Products industrial customers

"Industrial customers such as Air Liquide, Air Products, ExxonMobil and Shell capture the CO2 and feed it into the system."

E
ExxonMobil industrial customers

"Industrial customers such as Air Liquide, Air Products, ExxonMobil and Shell capture the CO2 and feed it into the system."

S
Shell industrial customers

"Industrial customers such as Air Liquide, Air Products, ExxonMobil and Shell capture the CO2 and feed it into the system."

medium quality Enriched Feb 27, 2026

Timeline

Announced
Feb 25, 2026
Signed
Closed

Market Context

This deal is part of the Other sector in Netherlands.
94
Other deals
22
deals in Netherlands
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